China Universal Asset Management Co. Ltd. Grows Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

China Universal Asset Management Co. Ltd. lifted its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 20.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 420,000 shares of the company's stock after buying an additional 70,000 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Full Truck Alliance were worth $3,784,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Atomi Financial Group Inc. raised its stake in shares of Full Truck Alliance by 12.4% during the second quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company's stock valued at $97,000 after acquiring an additional 1,329 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Full Truck Alliance by 34.0% during the 1st quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company's stock worth $98,000 after buying an additional 3,421 shares during the period. Tobam bought a new stake in shares of Full Truck Alliance in the 2nd quarter valued at about $35,000. Blue Trust Inc. acquired a new stake in shares of Full Truck Alliance in the second quarter valued at about $38,000. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Full Truck Alliance by 29.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,969 shares of the company's stock worth $209,000 after acquiring an additional 5,847 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Trading Down 0.3 %

Full Truck Alliance stock traded down $0.03 during midday trading on Tuesday, reaching $9.13. The stock had a trading volume of 6,909,413 shares, compared to its average volume of 8,660,013. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $10.29. The company has a fifty day moving average price of $8.24 and a two-hundred day moving average price of $8.29. The company has a market capitalization of $9.62 billion, a P/E ratio of 26.17 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM - Get Free Report) last posted its earnings results on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $380.38 million for the quarter, compared to analysts' expectations of $369.24 million. Full Truck Alliance had a net margin of 26.80% and a return on equity of 7.88%. On average, equities research analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays cut their price target on shares of Full Truck Alliance from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Friday, August 23rd.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.